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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $620,781 and $662,276 in 2016 and 2015, respectively) $ 601,314 $ 645,164
Fixed maturity securities—available-for-sale, at fair value (cost $460,497 and $376,109 in 2016 and 2015, respectively) 470,620 380,022
Equity securities—available-for-sale, at fair value (cost $0, in 2016 and 2015) 32 31
Short-term investments 11,494 7,718
Other investments 12,174 12,217
Total investments 1,095,634 1,045,152
Cash and cash equivalents 86,612 69,481
Amounts recoverable from reinsurers 102,815 91,077
Premiums receivable, net of allowance 200,987 185,364
Deferred income taxes 28,278 29,905
Accrued interest receivable 11,948 11,685
Property and equipment, net 6,387 6,181
Deferred policy acquisition costs 20,363 20,412
Other assets 47,154 42,788
Total assets 1,600,178 1,502,045
Liabilities:    
Reserves for loss and loss adjustment expenses 736,276 718,033
Unearned premiums 175,773 167,983
Reinsurance premiums payable   154
Amounts held for others 55,946 49,790
Policyholder deposits 48,781 48,380
Insurance-related assessments 35,875 32,329
Federal income tax payable 2,810 911
Accounts payable and other liabilities 32,905 30,484
Payable for investments purchased 2,069  
Total liabilities 1,090,435 1,048,064
Shareholders' equity:    
Voting—$0.01 par value authorized shares—50,000,000 in 2016 and 2015; 20,488,385 and 20,388,396 shares issued and 19,230,135 and 19,130,146 shares outstanding in 2016 and 2015, respectively 204 203
Additional paid-in capital 208,009 204,688
Treasury stock at cost (1,258,250 shares in 2016 and 2015) (22,370) (22,370)
Accumulated earnings 317,304 268,873
Accumulated other comprehensive income, net 6,596 2,587
Total shareholders’ equity 509,743 453,981
Total liabilities and shareholders’ equity $ 1,600,178 $ 1,502,045